9 months ago
Pinkfong Stock Surges 62% on Debut, Boosted by 'Baby Shark' Success
Pinkfong, the company behind the viral 'Baby Shark' song, had a big start on the stock market.
Their stock price went up by 62% on the first day.
People really want to buy their stocks, and they think the company will do well because of 'Baby Shark' and other popular songs.
Even though they're doing great, their stock price is still not as high as other similar companies.
Pinkfong stock price jumped 62% on its market debut
The stock peaked at 61,500 won, up from its IPO price of 38,000 won
Investor demand exceeded available shares by more than 600 times
The rally was driven by the success of 'Baby Shark' and expansion plans
Pinkfong's stock is currently undervalued compared to industry peers
- Who
- Pinkfong
- What
- Experienced a 62% stock price increase on market debut
- Where
- South Korean stock market
- When
- On Tuesday
- Why
- Due to strong investor interest in the company behind 'Baby Shark'
Investors
Analysts
Stock Price
Investors
Believe the stock is undervalued
Analysts
Agree the stock is undervalued compared to peers
Key facts
- IPO Date
- Tuesday
- IPO Price
- 38,000 won
- Peak Price
- 61,500 won
- Estimated 2025 Earnings Multiple
- 25 times
- Industry Average Earnings Multiple
- 40 times
Quotes
Kim Min-seok
CEO of Pinkfong
“Bebefinn has now surpassed Baby Shark in content-generated revenue”
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